6900 Leetsdale Dr Denver, CO 80224-1701

This exceptional investment opportunity presents a fee-simple ownership of a 6,000-square-foot AutoZone retail building situated on a 0.43-acre lot in Denver, Colorado. The property, built in 2018, is located at 6900 Leetsdale Drive, 80224, a high-traffic area with over 39,000 vehicles per day. The property benefits from excellent visibility at a hard-corner, signalized intersection. The single-tenant, absolute NNN ground lease with AutoZone, a credit-rated, corporate-guaranteed tenant, offers significant financial stability. The current lease commenced September 1, 2018, and expires August 31, 2033, with three 5-year renewal options. This provides a remaining lease term of approximately 8.8 years. The property boasts a 4.74% cap rate and a current Net Operating Income (NOI) of $78,756. The asking price is $1,660,000. This is a prime retail investment opportunity with a strong tenant and long-term lease, offering substantial returns and security. The property is offered free and clear of existing debt on an "As-Is/Where-Is" basis. The one-story building is part of a thriving commercial area with convenient access to major transportation routes and high-density residential neighborhoods, including Downtown Denver, Cherry Creek, Glendale, and Aurora.